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$ 1,775,000
Est. payment | /mo
6,958 SqFt
$ 1,775,000
Est. payment | /mo
6,958 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,958 sqft
Price per Sqft $255
MLS Listing ID 12788874
Year Built 1900
Annual Tax Amount $16,100
Tax Year 2025
Lot Dimensions 60 X 110
Property Sub-Type Mixed Use
Property Description
Great Investment Opportunity! 8.6 CAP RATE. In the heart of downtown Batavia, Mixed Use Multi Unit Historical Limestone Building. Remodeled and updated (Over a 1/3 of the building was taken down to studs in 2020) with value ad possibilities remaining! Low Vacancy 4 Residential Apartments, 1 Storefront Restaurant with beer garden in back and patio seating fronting to closed of River Street. CASH FLOW IS STRONG!. Three 2 Bedroom Apartments, One 1 Bedroom Apartment. Currently one floor of apartments are long term tenants, the other short term rentals with excellent occupancy rates. Updates include all 4 Residential units. Roof (2020), Windows (2020), Furnaces and almost all of the AC Units (Between 2020 and 2024). This building is a staple of downtown Batavia and will be for decades to come.
Location
State IL
County Kane
Area Batavia
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Mixed Use
Structure Type Brick,Combination
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Listed by Rudolph Johnson of Keller Williams Inspire